HubSpot Q1 Earnings Beat, Shares Drop 16%

HubSpot reported Q1 adjusted EPS $2.73, beating consensus $2.47, and revenue $881M vs $863.34M estimate, 23% YoY growth.
Despite beat, shares fell 16% after market reacted negatively to forward guidance for Q2 and FY 2026.
HubSpot forecast FY2026 revenue $3.7-$3.708B (midpoint $3.704B) and adjusted EPS $13.04-$13.12, topping consensus $3.7B and $12.45 EPS.
Customer count rose 16% YoY to 299,458 and average subscription revenue per customer increased 6% to $11,722.